Russia’s economy in for a bumpy ride as sanctions bite
Four months after Russia invaded Ukraine, the economy still works but it lacks some of its parts. …
“What’s more, the fear of supply disruption means that Russia’s been earning even more money from exporting energy and raw materials. In the first five months of the year, its current account surplus was a record $110bn (£94bn). It can use that money to fund not only the military, but also subsidise state industries to make sure unemployment doesn’t spike or incomes don’t fall too much.”
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